100% French Stocks – Thursday, January 22, 2026

PREOPEN CAC 40: 8,158 pts (+1.06%)

The trend is towards a strong rebound this morning in Paris. Wall Street finished sharply higher yesterday, reassured by Donald Trump's speech in Davos. The American president has dropped his tariff threats against Europe and announced a diplomatic approach regarding Greenland. Result: appetite for risk is rising sharply.

Key stocks of the day

Renault (RNO): Major strategic shift. The automaker is reintegrating Ampere, thus abandoning its project for independent electric operations.

Société Générale (GLE): The bank will cut 1,800 jobs in France according to the CGT union.

Thales (HO): Thales Alenia Space division has been selected for the French DESIR space mission by CNES and DGA.

Michelin (ML): The group announces higher-than-expected cash flow for 2025.

Eiffage (FGR): As part of a consortium, won a contract for the replacement of a bridge in Germany.

Ipsen (IPN): The arbitration court validated the termination of the R&D agreement with Galderma.

GTT (GTT): Received a three LNG carriers order from South Korea's HD KSOE.

Ubisoft (UBI): Under pressure after abandoning 6 games and a failed fundraising.

AB Science (AB): Obtained a Japanese patent for masitinib in MS.

Air France-KLM (AF): Hopes to add up to two more airlines by 2026.

Edenred (EDEN): Brazil is appealing in the litigation the group had won.

Results calendar

Ipsos: Presents its new strategic plan, targeting 5% annual growth starting in 2028.
Getlink: Stable revenue at €1.595 Bn, Eurotunnel growth, Eleclink decline.
Others: Catering International Services, La Française de l’Énergie, Adeunis.

Analyst recommendations

Upgrades

ArcelorMittal (MT) → Citi reaffirms Buy, target €55.
BNP Paribas (BNP) → Citi maintains Buy, target €97.
Virbac (VIRP) → BNP Paribas reaffirms Outperform, target €440.

Neutral

Aperam (APAM) → Citi remains Neutral, target €37.
Ayvens (AYV) → Citi remains Neutral, target €11.
Planisware (PLW) → Buy maintained, target €26.
Carrefour (CA) → Overweight confirmed, target €15.40.
Capgemini (CAP) → Berenberg: Hold, target €143.
Alstom (ALO) → Oxcap Analytics: Market Weight, target €27.40.